Meeder Asset Management Inc. grew its holdings in Teradata Corporation (NYSE:TDC – Free Report) by 7,602.3% in the 1st quarter, Holdings Channel reports. The fund owned 23,646 shares of the technology company’s stock after purchasing an additional 23,339 shares during the quarter. Meeder Asset Management Inc.’s holdings in Teradata were worth $606,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Sound Income Strategies LLC lifted its holdings in shares of Teradata by 1,162.8% during the 4th quarter. Sound Income Strategies LLC now owns 985 shares of the technology company’s stock valued at $29,000 after purchasing an additional 907 shares in the last quarter. Parallel Advisors LLC increased its stake in Teradata by 197.5% during the 4th quarter. Parallel Advisors LLC now owns 1,529 shares of the technology company’s stock worth $47,000 after purchasing an additional 1,015 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Teradata by 25,800.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,813 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,806 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Teradata by 52.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,883 shares of the technology company’s stock worth $57,000 after buying an additional 651 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in Teradata by 129.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,090 shares of the technology company’s stock worth $64,000 after buying an additional 1,178 shares during the period. Institutional investors and hedge funds own 90.31% of the company’s stock.
Teradata Trading Up 0.4%
NYSE:TDC opened at $30.66 on Tuesday. Teradata Corporation has a twelve month low of $19.83 and a twelve month high of $41.78. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $33.16 and a two-hundred day moving average price of $30.22. The company has a market cap of $2.88 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.59.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on TDC. Citizens Jmp reiterated a “market outperform” rating and issued a $49.00 price target on shares of Teradata in a report on Wednesday, June 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $34.00 price objective on shares of Teradata in a report on Thursday. Wall Street Zen cut shares of Teradata from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Teradata in a research note on Wednesday, June 24th. Finally, Zacks Research cut Teradata from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.56.
Check Out Our Latest Analysis on Teradata
Insider Buying and Selling
In other Teradata news, CRO Richard J. Petley sold 17,227 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $35.00, for a total transaction of $602,945.00. Following the sale, the executive directly owned 188,571 shares of the company’s stock, valued at approximately $6,599,985. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Timothy C. K. Chou sold 5,657 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $33.72, for a total transaction of $190,754.04. Following the completion of the sale, the director directly owned 39,210 shares in the company, valued at approximately $1,322,161.20. The trade was a 12.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 77,201 shares of company stock worth $2,486,235. Corporate insiders own 0.96% of the company’s stock.
About Teradata
Teradata Corporation is a global provider of enterprise analytics and data management solutions designed to help organizations unlock value from their data assets. The company offers both cloud-based and on-premises platforms that support data warehousing, big data analytics, and machine learning. Through its flagship analytics ecosystem, Teradata enables businesses to integrate, analyze, and manage large volumes of structured and unstructured data at scale.
Central to Teradata’s product suite is the Teradata Vantage analytics platform, which unifies diverse data types across multiple environments—including public and private clouds—into a single, coherent architecture.
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